Portland - Subject to local approval, deletes provisions requiring a referendum to sell, lease, or otherwise dispose of the city's water or light plant. - Amends Chapter 568 of the Private Acts of 1939; as amended.

SB 1482 removes a requirement that Portland, Tennessee, hold a public referendum before selling, leasing, or disposing of its water or light plant assets. The bill deletes Section 11 of Chapter 568 (a 1939 law governing Portland), which previously mandated such referendums. However, the bill itself requires Portland's local government to approve it with a two-thirds vote of its legislative body before taking effect. This change streamlines the city's ability to manage its utility assets without additional public votes, while still requiring strong local approval.